Legal
Madoff Trustee Begins $1.19 Billion Payout to Victims
The trustee liquidating Bernard Madoff's firm on Friday began distributing another $1.19 billion to victims of the swindler's Ponzi scheme. Irving Picard, the trustee, said the payout will boost distributions to more than $9.16 billion. Next week marks the seventh anniversary of the uncovering of Madoff's decades-long fraud. Madoff, 77,…
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